ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL. (PHOTO). #PRESS RELEASE.

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 APC PRESIDENTIAL CAMPAIGN COUNCIL PRESS STATEMENT ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL At his press conference in Abuja on Friday, Alhaji Atiku Abubakar reiterated his proposed  “production subsidy” for locally refined petrol, which he said would reduce pump prices. He went further to ask President Bola Tinubu to slash the cost of diesel and petrol at the pump. That proposal raises important legal, fiscal and practical questions that he must answer. Section 205(1) of the Petroleum Industry Act 2021 provides that unrestricted free-market conditions shall determine wholesale and retail prices of petroleum products. The Nigerian Midstream and Downstream Petroleum Regulatory Authority, in a statement on Saturday, explained that it neither fixes pump prices nor issues administrative price templates, except where the statutory conditions for intervention are met. The PIA provisions guide its function.  At the moment, “No such market fail...
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TRAGEDY IN ONDO AS 75-YEAR-OLD WOMAN SETS HER SON,DAUGHTER-LAW AND TWO GRANDCHILDREN ABLAZE.(PHOTO).

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Tragedy in Ondo as 75-year-old woman sets her son, daughter-law and two grandchildren ablaze


A 75-year-old woman, Iforiti Oloro, has allegedly set her son, daughter-law, and grandchildren ablaze in Ondo State.
 
According to reports, the tragic incident occurred at Aponmu, a suburb of Akure, Ondo’s capital city, at the weekend. 
 
It was gathered that the septuagenarian living in the same compound with her son, Victor Oloro, woke up in the middle of the night and allegedly set the house on f!re while the family was asleep. 
 
A resident in the community, Bayo Adegboyega, who confirmed the incident, explained that the residents noticed the family’s house was on fire on Saturday, March 18, 2023. 
 
“We noticed that the building was on fire around 2:00 a.m., and all the family members were at home. I had to join neighbours close to the building in putting off the fire by breaking the windows to gain entry,” he narrated. 

"Sadly, by the time we entered, the man (Victor Oloro), his wife (Racheal), and two children ( Toluwani and Blessing) had been affected by the fire.”
 
He also mentioned that the burnt family members were taken to a state hospital in Akure but were rejected due to the degrees of burns suffered from the fire incident. 

 
"So, we rushed them to the Federal Medical Centre in Owo, but unfortunately, we lost the last born on arrival while on Sunday night, the man and his wife died. Only the firstborn is alive but in a critical condition,” Mr Adegboyega added. 
 
While describing the incident as “bizarre and shocking,” Mr Adegboyega said the residents later learned that the grandmother allegedly set the building on fire. 
 
"It was yesterday (Monday) that we got to know that the old woman got some dry palm fronds and the little petrol her son kept in a gallon, spread it around the house, and set the house on fire. While confessing, the woman said she set the house on fire because her son and his wife were allegedly starving her of food.”

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